Nash-Cournot equilibria in electric power markets with piecewise linear demand functions and joint constraints
Most previous Nash-Cournot models of competition among electricity generators have
assumed smooth demand (price) functions, facilitating computation and proofs of existence …
assumed smooth demand (price) functions, facilitating computation and proofs of existence …
Modeling and computing two-settlement oligopolistic equilibrium in a congested electricity network
J Yao, I Adler, SS Oren - Operations Research, 2008 - pubsonline.informs.org
A model of two-settlement electricity markets is introduced, which accounts for flow
congestion, demand uncertainty, system contingencies, and market power. We formulate the …
congestion, demand uncertainty, system contingencies, and market power. We formulate the …
Leader-Follower Equilibria for Electric Power and NO x Allowances Markets
This paper investigates the ability of the largest producer in an electricity market to
manipulate both the electricity and emission allowances markets to its advantage. A …
manipulate both the electricity and emission allowances markets to its advantage. A …
Two-settlement electricity markets with price caps and Cournot generation firms
J Yao, SS Oren, I Adler - european journal of operational research, 2007 - Elsevier
We compare two alternative mechanisms for capping prices in two-settlement electricity
markets. With sufficient lead time, forward market prices are implicitly capped by competitive …
markets. With sufficient lead time, forward market prices are implicitly capped by competitive …
Some emerging challenges in electricity markets
Energy deregulation in the 90s led to the development of power markets in the United
States. The Public Utilities Regulatory Policies Act (PURPA) in 1978 laid down the early …
States. The Public Utilities Regulatory Policies Act (PURPA) in 1978 laid down the early …
On the role of a market maker in networked cournot competition
We study Cournot competition among firms in a networked marketplace that is centrally
managed by a market maker. In particular, we study a situation in which a market maker …
managed by a market maker. In particular, we study a situation in which a market maker …
Improved transmission representations in oligopolistic market models: quadratic losses, phase shifters, and DC lines
BF Hobbs, G Drayton, EB Fisher… - IEEE Transactions on …, 2008 - ieeexplore.ieee.org
Practical models of competition among power generators who possess market power have
generally had to use simplified models of transmission costs and constraints in order to be …
generally had to use simplified models of transmission costs and constraints in order to be …
How well can one measure market power in restructured electricity systems?
Y Smeers - Electricity Reform in Europe, 2009 - elgaronline.com
The integration of national electricity systems into a single internal European electricity
market is not progressing well, with the result that the level of competition in the sector …
market is not progressing well, with the result that the level of competition in the sector …
Cournot prices considering generator availability and demand uncertainty
J Valenzuela, M Mazumdar - IEEE Transactions on power …, 2007 - ieeexplore.ieee.org
When electricity becomes deregulated, the price of electricity is not determined by a
regulatory authority but by market demand, supply conditions, and strategic behavior …
regulatory authority but by market demand, supply conditions, and strategic behavior …
Gaming-based reserve constraint penalty factor analysis
J Zhao, B Brereton, M Montalvo - IEEE Transactions on Power …, 2010 - ieeexplore.ieee.org
To ensure secure real-time power system operations, the system operator must schedule
sufficient resources to meet energy demand and operating reserve requirements …
sufficient resources to meet energy demand and operating reserve requirements …